Customs Duty Consultants
Businesses that undertake International Trade and in particular importing from outside the EU Customs Union face many challenges and included within these is the correct treatment of all Customs & Import VAT formalities. Many businesses leave everything to their freight forwarder and are not even aware that the correct lodgement of a Customs declaration is their responsibility. This is where our Customs Duty consultants can help you.
Since Customs Duty and other duties such as Anti-Dumping Duty & Excise Duty are ‘sticking’ duties and generally irrecoverable, they are potentially a cost to many businesses. As a result if not properly considered they can seriously affect the bottom line profit of a business.
However, our customs duty consultants have found that few businesses
proactively consider how the cost of duty can be minimised.
But help is at hand!
Can our Customs Duty consultants help you?
As a quick guide our customs duty consultants have devised the following 10 simple questions for import businesses or their advisers to consider. If the answer is generally ‘no’, our customs duty consultants want to hear from you as you may benefit from one of our services.
This is because there are either potential risks to the importer or missed opportunities:
Find out more about specific issues for importers.
10 simple questions to ask for Importers
- If the business imports goods from outside the EU Customs Union, does it consider the costs of duty?
- Does the business receive copies of Customs import entries (form C88 & E2) from import agent?
- Does the business critically review the Customs import entry or supporting documents?
- Does the business set commodity codes for goods? (these are codes that determine duty rate payable)
- Does the business periodically review commodity codes used?
- Does the business determine the value for Customs Duty?
- Is the business aware of how the value for Customs Duty / other duties should be set?
- Does the business import to stock?
- Does the business use any Customs Facilitation schemes?
- Does the business have a deferment account, if so does it use SIVA?
Find out more about who we are & how The Customs People can help you!
The Customs People is a specialist firm that advises on Customs, Excise & International VAT issues and our reason to be is to provide practical, easy to understand advice that assists businesses so that:
- You do not fall foul of the often confusing Customs & Excise rules; but
- That you take advantage of any opportunities that exist to save money.
Whether you are a business that needs assistance on a Customs or Excise matter or a professional representing businesses with International Trade and/ or Excise issues, our Customs Duty consultants can help.
Based in the North West of England we are experienced Customs Duty Consultancy that have assisted many businesses all over the UK and from beyond make sense of Customs, Excise & International VAT issues. In addition to UK businesses we currently advise a number of North American clients, several Australian companies and a number based in the Far East that import via UK Customs.
Why not contact our sister brand, The VAT People where leading VAT consultants are waiting to help you and your business with any VAT-related issues.
Find out about the types of work we have undertaken for clients.